Australia's largest stock trading and investment forum Australia's #1 stock forum

1MC

Click for more information

6.90%

3.1¢ morella corporation limited

Fully drawn Loan of $3,421,000 at 8% interest.$430,000 left in...

First 3 Last

Share
Profile

Follow
rgrant

1,277 Posts.

340

31/07/24

16:59

Post #: 75010053
Share

Originally posted by Yowie21: ↑

0.4 quarters of cash left with another 42k paid in by SYA. I would expect the interest payment to continue to be paid and probably accelerate leading into the end.

A million dollars of staff costs and admin is not sustainable for a company without a project, how does the ASX allow this to continue?

Expand

Fully drawn Loan of $3,421,000 at 8% interest.
$430,000 left in cash

They are pretty much trading whilst insolvent.

1MC Price at posting: 4.1¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce scores $6.75M R&D rebate

HAS

Yangibana 33% complete says Hastings, as it provides clarification on funding

BIO

Biome reaches intellectual property milestone in strain development program

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

RSG

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

First 3 Last

Add 1MC (ASX) to my watchlist

(20min delay)
Last 3.1¢		Change 0.002(6.90%)		Mkt cap ! $9.395M

Open	High	Low	Value	Volume
2.9¢	3.1¢	2.9¢	$489	16.85K

Buyers (Bids)

No.	Vol.	Price($)
2	180769	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	40000	1

View Market Depth

No.	Vol.	Price($)
2	180769	0.029
10	482555	0.028
1	384615	0.026
1	35000	0.025
1	41708	0.023

Price($)	Vol.	No.
0.030	40000	1
0.031	523989	8
0.032	38813	2
0.033	8100	2
0.034	269773	1

Last trade - 13.57pm 14/11/2024 (20 minute delay)

1MC (ASX) Chart